VOLUNTARY SALARY REDUCTION AGREEMENT
This agreement is made between Ms.Saowalak Horadee (or “the Employee”) and Nine Star Airway Co., Co., Ltd. (or “the Company”)
Effective from July 1st ,2016, the employee’s salary will be reduced by 30% for three (3) monts until September 30th,2016. After aforesaid three (3) months, the salary will go back to normal basic salary of each employee.
The Company agrees to adjust working days orportionally to their salary reduction as below:
• Starting July 1st , which is the 1st week working 4 days followed by 3 days and continue rotate each week until the last week of September 2016.
• The working days of each week will be informed by HR director on every Friday afternoon for the following week depends on company’s requirements. Special days off will be considered upon request.
The agreement is binding and irrevocable with respect to amounts earned while this agreement is in effect.
The employee understands that such a reduction will be done from employee salary in order to help the company’s financial status during this period.